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08 December, 2008

The Dalai Lama blames “greed” for financial crisis

After addressing an overflowing house of European Parliament December 4, the Dalai Lama, the Tibetan spiritual leader, appeared at a joint press conference with Hans-Gert Poettering, the President of the only directly elected European institution, the European Parliament.

Answering a question about economic crisis, the spiritual leader explained the ongoing market crisis around the world. Saying, “Market itself is a creation of human beings,” the Buddhist leader asked, “What is the real cause of this sort of economic crisis?” Citing answers from his business friends, the Dalai Lama told journalists: “Too much speculation and ultimately greed,” adding, “The potential to help is (to) reduce greed and (increase) self-discipline. Economic crisis is something urgent so it will be helpful to reduce some other conflict (that are going on) in the name of faith and nationality.”

• Read the entire article at the New Europe web site

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